Posted by DigiNomad on 8th of Mar 2024 at 11:13 am
SPX 30 - these anchored VWAP levels (thicker white lines) almost
all match up with points of interest in terms of structure - makes
sense that volume average would sit at those points. Unfortunately
for those of us trading in the continental USA, many of the good
tests recently have occured in the middle of the night.
The volume is not great right after the market close and in the
evening hours in the USA, but it really seems to pick up every day
in the itty bitty hours of the night before falling back down a
couple of hours before the US open.
Posted by DigiNomad on 8th of Mar 2024 at 11:20 am
Yes. If you open the VWAP setting in TradingView you can use
various methods for where it anchors. Session, week, monthly and
YTD are common, but you can also set something like anchor on
highest volume with a custom lookback period depending on your
trading style (10 and 30 days works well for me). Then
just copy and add the indicator again to have track from a
different point (so you would have multiples of the same indicator
on a single chart)
SPX 30 - these anchored
Posted by DigiNomad on 8th of Mar 2024 at 11:13 am
SPX 30 - these anchored VWAP levels (thicker white lines) almost all match up with points of interest in terms of structure - makes sense that volume average would sit at those points. Unfortunately for those of us trading in the continental USA, many of the good tests recently have occured in the middle of the night.
The volume is not great right after the market close and in the evening hours in the USA, but it really seems to pick up every day in the itty bitty hours of the night before falling back down a couple of hours before the US open.
Is that something you can
Posted by timebandit on 8th of Mar 2024 at 11:15 am
Is that something you can automate? (I know nothing about it, just wondering)
Yes. If you open the
Posted by DigiNomad on 8th of Mar 2024 at 11:20 am
Yes. If you open the VWAP setting in TradingView you can use various methods for where it anchors. Session, week, monthly and YTD are common, but you can also set something like anchor on highest volume with a custom lookback period depending on your trading style (10 and 30 days works well for me). Then just copy and add the indicator again to have track from a different point (so you would have multiples of the same indicator on a single chart)
Thanks, Nomad
Posted by timebandit on 8th of Mar 2024 at 11:32 am
Thanks, Nomad